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navik [9.2K]
2 years ago
9

__________ is buying products from another country.

Business
1 answer:
lisov135 [29]2 years ago
3 0

The correct answer is (b) importing.

importer is buying products from another country.

<h3>What Exactly Is an Import?</h3>

An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.

Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.

To know more about import and export visit:

brainly.com/question/1060159

#SPJ4

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